Best Forex Brokers Singapore 2026
17 regulated brokers accepting Singapore clients. Compare SGD accounts, spreads, MAS regulation, and tax-free capital gains.
AvaTrade Singapore
Accepts Singapore clients | SGD account available | Multi-regulated (FCA, ASIC, CySEC, BVI, SAFE)
All Brokers Accepting Singapore Traders
All brokers below hold tier-1 or tier-2 regulation and accept Singapore clients
| Broker | Min Deposit | Spreads | Top Regulation | Score | |
|---|---|---|---|---|---|
| $200 | 0.0 pips | ASIC | 4.6/5 | Visit → | |
| $0 | 0.0 pips | ASIC | 4.5/5 | Visit → | |
| $2,000 | 0.4 pips | Danish FSA | 4.5/5 | Visit → | |
| $250 | 0.6 pips | FCA | 4.4/5 | Visit → | |
| $0 | 0.0 pips | ASIC | 4.3/5 | Visit → | |
| $100 | 0.0 pips | FCA | 4.3/5 | Visit → | |
| AvaTrade Recommended | $100 | 0.9 pips | Central Bank of Ireland | 4.2/5 | Visit → |
| £100 | 0.5 pips | FCA | 4.2/5 | Visit → | |
| $50 | 0.0 pips | ASIC | 4.2/5 | Visit → | |
| $200 | 0.0 pips | ASIC | 4.1/5 | Visit → | |
| $100 | 0.0 pips | ASIC | 4.1/5 | Visit → | |
| $50 | 1.0 pips | FCA | 4/5 | Visit → | |
| $100 | 0.6 pips | FCA | 4/5 | Visit → | |
| XM Recommended | $5 | 0.6 pips | FCA | 4/5 | Visit → |
| $25 | 0.7 pips | ASIC | 3.9/5 | Visit → | |
| $100 | 0.0 pips | CySEC | 3.8/5 | Visit → | |
| $20 | 0.0 pips | FCA | 3.6/5 | Visit → |
How Singapore Traders Access Global Markets
Singapore's forex market is one of the most sophisticated in Asia-Pacific. As a major financial centre, Singapore offers traders access to world-class banking infrastructure, a stable regulatory environment, and a tax regime that gives local traders a significant edge over their global peers.
Why Singapore traders use global brokers
While IG is one of the few brokers with a direct MAS Capital Markets Services (CMS) license, most Singapore traders use internationally regulated brokers from the FCA (UK), ASIC (Australia), and CySEC (Cyprus). These brokers fully accept Singapore residents, offer SGD base accounts, and provide competitive spreads across thousands of instruments.
MAS: the gold standard for Singapore regulation
MAS (Monetary Authority of Singapore) is a Tier 1 regulator equivalent to the FCA and ASIC. MAS-regulated brokers must segregate client funds, meet capital adequacy requirements, and conduct customer appropriateness assessments. The MAS Financial Institutions Directory lets you verify any broker's CMS license.
How to choose a broker for Singapore trading
- Check if the broker accepts Singapore residents (most global brokers do)
- Look for SGD as a base currency option to avoid conversion fees
- Verify the broker's regulation (MAS, FCA, ASIC, or CySEC)
- Compare spreads on USD/SGD and major pairs
- Check deposit methods - PayNow, local bank transfer, credit card
MAS Verification
Always verify a broker's MAS CMS license on the official MAS Financial Institutions Directory before funding an account.
Check MAS Register →Best Singapore Brokers: FAQs
AvaTrade is our top pick for Singapore traders due to its multi-regulation (FCA, ASIC, CySEC, BVI), SGD account support, competitive spreads, and low minimum deposit of $100. IG and Saxo Bank are strong alternatives - IG is MAS-licensed with a long track record, while Saxo Bank offers institutional-grade platforms for serious traders.
No - while MAS regulation offers strong protection, many Singapore traders use internationally regulated brokers (FCA, ASIC, CySEC) which are legally available to Singapore residents. These brokers often offer more competitive spreads, higher leverage, and more instrument choices. Always verify the broker's license on the relevant regulator's register.
Yes. Many brokers offer SGD-denominated base accounts, allowing deposits and withdrawals in Singapore dollars via PayNow, local bank transfers (DBS, OCBC, UOB), or credit/debit cards. SGD accounts eliminate currency conversion fees and make it easier to manage your trading capital in your local currency.
Under MAS regulation, retail traders can access up to 50:1 on major forex pairs. Internationally regulated brokers (FCA, ASIC) typically cap at 30:1 for retail clients. Some offshore entities offer higher leverage, though this comes with significantly less protection and greater risk.
Singapore has no capital gains tax, so forex trading profits are generally not taxable for retail traders. This is a significant advantage over most other countries. However, if you trade as a full-time profession or business, IRAS may assess your profits as income. Most retail traders benefit from the CGT exemption.
Look for brokers regulated by tier-1 or tier-2 regulators: MAS (Singapore), FCA (UK), ASIC (Australia), or CySEC (Cyprus). For MAS regulation, verify the CMS license on the MAS Financial Institutions Directory. Check that the broker segregates client funds, has negative balance protection, and accepts SGD deposits. All brokers in our comparison meet these criteria.
Ready to open a Singapore trading account?
AvaTrade is our top-rated broker for Singapore traders in 2026
Open AvaTrade Account →Partner Code: 128979 | Up to S$15,000 Welcome Bonus | SGD Accounts Available
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